Tuesday, September 24, 2019

Bitcoin Dips Below $9,500 As Bakkt Sees Minimum Volume: Weekly Crypto Market Update

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Crypto Market Update

Market Cap: $249 B
BTC Dominance: 68.6%
 BTC: $9,545
 ETH: $193
 XRP: $0.262

News in the cryptocurrency market continues to pop as Bakkt's futures caught the headlines this week. However, launching the platform failed to affect the price as many expected and it seems to have become a "sell the news" event as Bitcoin continues its downward trend. 

Following the SEC lawsuit against KIK raising capital through an ICO, the company fired 70 employees from its subsidiary Kin and CEO Ted Levingston announced that the company would close its messaging service. 

An important BITWISE reported created for the US SEC analyzed Bitcoin's actual and fake trading volume on different exchanges. According to it, CME's entry into the market played a significant role in the volatility of the price. 

After the recovery that altcoins made and their sharp increases last week, this week we saw a correction of many of them with an attempt to create support. Although some altcoins managed to hold at their support, all eyes are on Bitcoin in an attempt to understand its next move. 

Full Market Report & Analysis
Exclusive Interview With Tezos Co-Founder
Tezos Co-Founder opines on tokenized securities, the future of crypto, and why he's not a fan of ICOs. Read more.
Bakkt Is Finally Here
The long-awaited launch of Bakkt finally took place. However, the trading volume has so far been insignificant and we have yet to see if it will pick up. Read more. 
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This week chart analysis of:
BTC ETH XRP BAT & DASH



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Tuesday, September 17, 2019

Weekly Crypto Market Update: Ethereum Up 20% In 10 Days. Alt-Season Here?

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Crypto Market Update

Market Cap: $268 B
BTC Dominance: 68.4%
 BTC: $10,246
 ETH: $206
 XRP: $0.29

Bitcoin maintains relative stability, however, we have already seen such periods in the past and based on its historical behavior we can assume that another move is brewing behind the scenes and only after we know if the 2019 upward trend was just an opening shot or that a bear market is ahead of us.

Bitcoin maintains its relative stability. However, we already saw such periods in the past and based on historical events, we can assume that there is another move in the making behind the scenes. Only after that will we know if the 2019 upward trend was just an opening shot or that there is a bear market ahead of us.

Also, Bitcoin's stability in recent days is affecting altcoins which show signs of waking up as market players have returned to trading in the past week. We saw some major altcoins painted in greens.

In the bigger picture, Bitcoin's dominance continues to grow and it's currently at 69%. In the meantime, the trend is continuing but it's possible that another altcoin season could change the picture.

Ethereum also increased slightly this week and it may be because of the upcoming upgrade of the platform that encourages many investors to store coins before the event takes place.

Full Market Report & Analysis
RIFT Protocol
[Sponsored] RIFT protocol comes with enormous transactional capacity: With 1.5 GB block size, RIFT is capable of reaching the speed of 33,888 transactions per second, while new blocks are generated every five minutes. Read more.
Vitalik Buterin At Ethereal
Vitalik Buterin presented an interesting solution to solve the scam issues with ICOs. He proposes the usage of decentralized finance solutions. Read more.
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This week chart analysis of:
BTC ETH XRP KNC & VET



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